The parent company of Pahrump Valley Winery has filed for bankruptcy.
Nevada Wine Cellars Inc., which operates the local winery at 3810 Winery Road in Pahrump, said it owed more than $1 million to creditors, including $9,153 to the Nye County Treasurer’s Office, according to a document filed January 31 in a Las Vegas court.
Under Chapter 11 bankruptcy protections, the company will be allowed to reorganize the debt it owes and restructure under new operating plans. The company, however, did not say in its filing whether it would submit a plan to continue operating, or pursue a possible sale or closure of the winery and its facilities in Pahrump.
In addition to its wine production and retail operations, Pahrump Valley Winery has an on-site restaurant and rents out its facilities for weddings and other events.
The winery opened in 1990 and has won nearly 400 national wine medals since its founding.
In August 2020, Pahrump Valley Winery’s liquor license was briefly revoked after county officials decided it was operating without one after it was sold to new owners in 2019.
John Hobbs is currently listed as president of Nevada Wine Cellars Inc. Kathy Trout is listed as company treasurer.
Calls made to them on Monday were not immediately returned.
In the fall of 2018, Pahrump Valley Winery completed a $1.7 million expansion that added over 7,000 square feet to its facilities.
The expansion also ushered in fully automated production and bottling, which increased the production capacity of its local wines from 9,500 cases per year to a potential 40,000 cases.
Nevada Wine Cellars Inc. employs 30 people and generates $4.33 million in annual sales, according to a state company filing.